Morgan Stanley Pathway High Yield Fund (THYUX)
3.22
-0.05
(-1.53%)
USD |
Dec 31 2025
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.82% | 152.93M | -- | 76.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 4.922M | 7.32% | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| The Fund seeks a high level of current income primarily through investment in below-investment grade debt securities. The Fund will invest, under normal market conditions, at least 80% of its net assets in U.S. dollar-denominated high yield fixed income securities of corporate issuers rated below investment grade. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD High Yield |
| Peer Group | High Yield Funds |
| Global Macro | Bond High Yield |
| US Macro | High Yield Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | High Yield Funds |
| Fund Owner Firm Name | Morgan Stanley |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
22
-752.81M
Peer Group Low
1.313B
Peer Group High
1 Year
% Rank:
35
4.922M
-2.721B
Peer Group Low
4.539B
Peer Group High
3 Months
% Rank:
27
-1.720B
Peer Group Low
3.576B
Peer Group High
3 Years
% Rank:
36
-3.807B
Peer Group Low
11.77B
Peer Group High
6 Months
% Rank:
30
-1.971B
Peer Group Low
3.576B
Peer Group High
5 Years
% Rank:
59
-9.145B
Peer Group Low
14.32B
Peer Group High
YTD
% Rank:
--
1.001M
Peer Group Low
77.23M
Peer Group High
10 Years
% Rank:
48
-7.663B
Peer Group Low
21.11B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of January 02, 2026.
Asset Allocation
As of November 30, 2025.
| Type | % Net |
|---|---|
| Cash | 5.40% |
| Stock | 0.00% |
| Bond | 94.60% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.00% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
USD Cash
|
5.40% | -- | -- |
| ALTICE FINANCING S.A. ALTIFIN 5.0 01/15/2028 FIX USD Corporate 144A | 0.94% | 70.21 | 0.18% |
| Venture Global LNG, Inc. VENTUGL 8.375 06/01/2031 FIX USD Corporate 144A | 0.87% | 99.39 | -0.06% |
| NEPTUNE BIDCO US INC. NEPTUBI 9.29 04/15/2029 FIX USD Corporate 144A | 0.80% | 100.20 | -0.01% |
| ITT HOLDINGS LLC ITTHOL 6.5 08/01/2029 FIX USD Corporate 144A | 0.80% | 96.12 | 0.02% |
| ILIAD HOLDING ILIADHO 7.0 04/15/2032 FIX USD Corporate 144A | 0.70% | 103.22 | 0.00% |
| PERRIGO FINANCE UNLIMITED COMPANY PERRIFI 6.125 09/30/2032 FIX USD Corporate | 0.63% | 97.41 | -0.02% |
| PLANET FINANCIAL GROUP, LLC PLANFIAA 10.5 12/15/2029 FIX USD Corporate 144A | 0.63% | 104.96 | -0.00% |
| HLF FINANCING SARL, LLC HLFF 4.875 06/01/2029 FIX USD Corporate 144A | 0.63% | 93.99 | -0.08% |
| Arbor Realty SR Inc ARSRC 7.875 07/15/2030 FIX USD Corporate 144A | 0.61% | -- | -- |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.50% |
| Administration Fee | -- |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 100.00 None |
| Minimum Subsequent Investment | 0.00 None |
Basic Info
| Investment Strategy | |
| The Fund seeks a high level of current income primarily through investment in below-investment grade debt securities. The Fund will invest, under normal market conditions, at least 80% of its net assets in U.S. dollar-denominated high yield fixed income securities of corporate issuers rated below investment grade. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD High Yield |
| Peer Group | High Yield Funds |
| Global Macro | Bond High Yield |
| US Macro | High Yield Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | High Yield Funds |
| Fund Owner Firm Name | Morgan Stanley |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (12-31-25) | 6.49% |
| 30-Day SEC Yield (12-31-21) | 4.03% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 312 |
| Bond | |
| Yield to Maturity (11-30-25) | 6.82% |
| Effective Duration | 3.12 |
| Average Coupon | 6.83% |
| Calculated Average Quality | 5.605 |
| Effective Maturity | 5.095 |
| Nominal Maturity | 5.978 |
| Number of Bond Holdings | 311 |
As of November 30, 2025
Fund Details
| Key Dates | |
| Inception Date | 7/13/1998 |
| Attributes | |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Currency Hedged Fund | -- |
| Socially Responsible Fund | No |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:THYUX", "name") |
| Broad Asset Class: =YCI("M:THYUX", "broad_asset_class") |
| Broad Category: =YCI("M:THYUX", "broad_category_group") |
| Prospectus Objective: =YCI("M:THYUX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |